“Commodity backed Stablecoins” “its stable because the value of it represents one ounce of gold” -Warren Davidson speaking on a possible amendment to HR 4766 “Stablecoin Act Of 2023”
#XRPCommunity
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@MetaMan_X
I think it's going to take a minute for it to sink in for people about what he just said. That's why I say the TA on xrp are about to get thrown in the trash
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@MrTwoTymes
State regulators will oversee licensing and examination of these coins” I would assume that states will be in charge of creating safeguards for the physical commodities…
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@MetaMan_X
The stablecoin act of 2023.. has that been voted on and is in effect or is it still in the process of being voted on? If its not do we know dates of when this could come into play?.. all them bank docs refering to xrp as a stablecoin + david S says it cant be dirt cheap 🤔🤑
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@StackingCrypto1
Today July 27, 2023 there was a committee “markup” on the bill… so later on they will follow up on getting it passed in the house… now remember the same bill has to be passed in the senate after that both chambers come together to vote on final draft of bill… from their it…
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@MetaMan_X
The guy calls related Ripple/XRP evil. I didn’t listen to him, but my guess he will try to squeeze XRP out.
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